Alibaba.com partners with FIEO to assist Indian SMEs | SupportBiz

In Brief

Alibaba.com partners with FIEO to assist Indian SMEs

 
To organize a workshop on Trade Risk Management and Sourcing Buyers through the Internet in Chennai.

Small and medium business (SMB) e-commerce site Alibaba.com recently joined hands with the Federation of Indian Exporters Organisation (FIEO) to help SMBs in India to improve their trade prospects in the international market, reports India Infoline.com.

Alibaba.com and FIEO are all set to organize a workshop on Trade Risk Management and Sourcing Buyers through the Internet in Chennai, with the aim of getting greater exports from the region. The workshop will be attended by registered members of the FIEO.

It will educate exporters, specially SMEs, about expanding their reach globally, reducing funding cost, as well as better management of country and customer risks. Alibaba.com will demonstrate how the Internet can be used as a business tool to identify potential trade partners across the world.

The E-commerce site believes that SMEs in the state of Tamil Nadu have a wonderful scope of attracting global buyers in industries like machinery, agriculture, food and beverages, health, minerals and metallurgy.
Speaking about Alibaba.com and FIEO’s partnership, Nayan Thakkar, Manager, Sales and Customer Support, Alibaba.com (India), stated: “The Indian SME sector is a robust segment, growing at a rapid pace, providing numerous employment opportunities and contributing greatly to the Indian economy. As a leading global e-commerce platform, which connects buyers and suppliers the world over, we have seen an increasing number of buyers in overseas markets who are turning to Indian suppliers to meet their sourcing requirements.” He added: “We are happy to work alongside organisations like the FIEO, who share our vision of taking Indian suppliers to the world, in helping SMEs in the country emerge as globally competitive organisations.”